Australia's largest stock trading and investment forum Australia's #1 stock forum

NVA

Click for more information

2.56%

19.0¢ nova minerals limited

NASDAQ Listing, page-4

First 4 Last

Share
Profile

Follow
princey37

3,577 Posts.

464

16/04/24

09:38

Post #: 73361823
Share

Originally posted by NovaMInerals2: ↑

Under S-K 1300 rules all MRE's have to have economic and technical parameters attached to them, the same as is used in a JORC compliant scoping study. The JORC compliant global MRE of 9.9Moz Au remains. The S-K 1300 MRE compared to the scoping study resource, which used the exact same parameters other than a US$2,000 oz gold price (where as the scoping study used US$1,850 oz gold price) and the pit slope angles were increased to 50 degrees from 45 degrees from PFS level testing as announced previously. So comparing like for like the pit constrained MRE within these economic and technical parameters has now increased from 2.93 Moz Au per the scoping study to 5.17 Moz Au per the S-K 1300 MRE. These are the numbers that can be used in economic reports such the PFS. The global JORC MRE can not be used in economic reports.

Hope that explains it. Please read the 3rd announcement "Mineral Resource Estimate for US Listing" which explains this more, but i'm happy to answer questions where I can.

Expand

So the next iteration of the PFS will be very, very interesting! In an outstanding type of way.

NVA Price at posting: 29.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 40 more messages in this thread...

First 4 Last

Add NVA (ASX) to my watchlist

(20min delay)
Last 19.0¢		Change -0.005(2.56%)		Mkt cap ! $42.59M

Open	High	Low	Value	Volume
19.0¢	20.0¢	18.5¢	$28.51K	149.2K

Buyers (Bids)

No.	Vol.	Price($)
1	26315	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	14944	2

View Market Depth

No.	Vol.	Price($)
1	26315	0.190
3	100000	0.185
3	124000	0.180
1	50000	0.175
3	142150	0.170

Price($)	Vol.	No.
0.200	14944	2
0.205	23001	3
0.210	1050000	1
0.215	20000	1
0.220	49188	1

Last trade - 12.24pm 06/06/2024 (20 minute delay)


Last 19.5¢			Change -0.005 ( 2.63 %)
Open	High		Low	Volume
18.5¢	19.5¢		18.0¢	34058
Last updated 13.14pm 06/06/2024 ?

NVA (ASX) Chart